Name:   Talullahhound - Subject:   Furthermore Date:   8/24/2015 9:14:22 AM

If you recall, the hostages were released immediately following Reagans inaugural, so I don't think you can say that Reagan had anything to do with it.  The only thing I will fault Carter for was not acting swiftly enough to get our workers out of Iran before the Embassy was taken.  You must also keep in mind where the country was at Carter's time - The nation was still reeling over Watergate and Nixon.  Ford did what he could, but he was in there only such a short time.  People wanted change - Just like when Obama was elected following the disasterous Bush 2nd term; and just like when Bush was elected following the scandalous Clinton 2nd term.  There is no doubt in my mind that our next President will be a Republican, because like all the other cycles, people want change again. 

When I bought my first house in 1980, the interest rates were going up daily.  Banks would not lock into an interest rate until the day of the closing.  I had a 15 1/2 percent loan and was glad that I did, because the next day, they went to 16 1/2.  I still have an interest rate book kicking around that starts at 8%.  But, keep in mind that although the mortgage rates were high, so were the interest rates on CDs.  I had one that was paying 16%.